Round-table «Is the banking system of Ukraine overloaded?»

June 10, 2008 in a round-table discussion «The banking system of Ukraine» was attended by Deputy Chairman of NBU O.Savchenko, the head of the NBU Council P.Poroshenko, the head of the Association of Ukrainian Banks O.Sugonyako, representatives of leading Ukrainian banks and market experts.

During the discussion participants attempted to answer the question — Is the banking system overloaded? — and predict how events will unfold in the banking sector by the end of this year. The leaders of the banking sector were unanimous in the fact that the financial system depends on the overall state of the economy, and on fiscal and monetary policies, that are misbalanced. Thus the system is experiencing a shortage of liquidity, but limiting the growth of banking artificially is not worth it. According to the finance experts, NBU should limit only those banking transactions at risk, and banking institutions are ready to cut consumer lending, even despite their high profitability. Instead of the regulator, bankers expect support of export credit operations and the manufacturing sector.

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